Gen Digital Inc. $GEN Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in Gen Digital Inc. (NASDAQ:GEN) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,316 shares of the company’s stock after selling 2,240 shares during the quarter. State of Alaska Department of Revenue’s holdings in Gen Digital were worth $1,802,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Gen Digital by 132.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 599,821 shares of the company’s stock worth $16,039,000 after acquiring an additional 341,533 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Gen Digital by 26.6% in the first quarter. Mather Group LLC. now owns 3,730 shares of the company’s stock worth $99,000 after acquiring an additional 783 shares in the last quarter. Cornerstone Wealth Group LLC acquired a new position in shares of Gen Digital in the first quarter worth about $377,000. Exchange Traded Concepts LLC lifted its stake in shares of Gen Digital by 52.4% in the first quarter. Exchange Traded Concepts LLC now owns 11,146 shares of the company’s stock worth $296,000 after acquiring an additional 3,830 shares in the last quarter. Finally, Kendall Capital Management lifted its stake in shares of Gen Digital by 20.0% in the first quarter. Kendall Capital Management now owns 60,640 shares of the company’s stock worth $1,609,000 after acquiring an additional 10,105 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on GEN. Wells Fargo & Company boosted their price objective on Gen Digital from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Evercore ISI began coverage on Gen Digital in a report on Tuesday, July 1st. They issued an “outperform” rating and a $35.00 price objective for the company. Royal Bank Of Canada boosted their price objective on Gen Digital from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. Barclays boosted their price objective on Gen Digital from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. Finally, B. Riley began coverage on Gen Digital in a report on Monday, July 14th. They issued a “buy” rating and a $46.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.71.

Gen Digital Stock Down 0.9%

Shares of GEN stock opened at $27.82 on Friday. Gen Digital Inc. has a 1 year low of $22.74 and a 1 year high of $32.22. The stock has a market cap of $17.13 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94. The business’s fifty day moving average is $29.74 and its 200-day moving average is $28.48. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50.

Gen Digital (NASDAQ:GEN) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.04. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Equities analysts expect that Gen Digital Inc. will post 2.05 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 18th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.8%. Gen Digital’s dividend payout ratio (DPR) is currently 51.55%.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.